HTC’s sales slump continues, performance guidance slashed for April-June quarter
HTC hasn’t been having the best run lately and that continues today. After promising this past Wednesday at an investor meeting to reinvigorate its line through a new product in October and “improved design and innovation,” the Taiwanese smartphone manufacturer has posted bleak earnings results for the month of May with revenue of NT$10.79 billion (US$347 million), down 50% over the same month last year and down 11% from April’s revenue of NT$13.5 billion (US$440 million). Revenue for April was down itself 33% from the month prior and 38% from April 2014.